- March 30, 2020
If you’re like many others right now, it’s difficult to find the positive. What follows are ideas on how to find some practical positivity in this turbulent time, which I’m using for my business. Point one is a doozie, I had my cry last week and now I feel recharged and ready to help as many people as I can. What follows is a framework you could consider helping you guide your way for the challenging time for your business. As usual MB+M is here to help if you have questions about using this process. You Can contact me on 03 5821 9177. Rebecca Woolstencroft – CEO/Director
- March 18, 2020
The Federal Government has announced a $17.6 billion stimulus package to counter any economic downfall that may be caused by COVID-19 (coronavirus). The measures have the potential to provide significant cash flow to business taxpayers in the short term, funded predominantly through the tax system. The package includes: 1.Instant asset write-off threshold increase to $150,000; 2.Accelerated Depreciation Deduction; 3.An instant asset write-off extension; 4. 50% Asset investment incentive; 5. Cash payment to employers of between $2,000 to $25,000; 6.50% wage subsidy for apprentice’s or trainee’s wages; 7. support to regions and communities impacted by the coronavirus, including ATO payment support; and; 8.One off $750 payment to certain concessional recipients. Due to the limited time in which the package applies, taxpayers should immediately consider whether they qualify for these measures and the impact of each of the measures on their business and cash flow.
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